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Krispy Kreme To Raise Dough With IPO
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Thanks to Kenna for this extremlly important piece of Roswell news! Not only is this highly relevant, but check out the name of the author? Could this be where Kyle's mother went??? The full article is available at the abc news site.
People line up in droves to jump-start their day with coffee and a doughnut popped straight from the conveyor belt that carried them underneath a waterfall of sugary glaze. Southern Invasion Long a mainstay in the South, Krispy Kreme was founded in Winston-Salem, N.C., in 1937 by Vernon Rudolph, who had bought the rights to a secret yeast-raised doughnut recipe from a Frenchman named Joe LeBeau four years earlier. After Rudolph’s death in 1973, Beatrice Foods bought the franchise and experimented unsuccessfully by changing recipes and adding new products to the menu. That unhappy chapter in the company’s history ended in 1982, when a group of Krispy Kreme franchisees bought the company back and returned the shops to their original doughnut-making format. In recent years, Krispy Kreme has been expanding to a receptive audience of consumers in the Northeast and West. With its upcoming IPO, the company will find out if investors share the same enthusiasm for its product. |